Aust dollar lower after RBA decision

The Australian dollar is lower after the Reserve Bank of Australia signalled there could be more interest rate cuts before the end of the year.

The Australian dollar is lower after the Reserve Bank of Australia signalled there could be more interest rate cuts before the end of the year.

At 0630 AEST, the local unit was trading at 91.45 US cents, down from 91.83 cents on Tuesday.

On Tuesday, the RBA left the cash rate unchanged at a record low of 2.75 per cent but in a short statement governor Glenn Stevens said that low inflation "may provide some scope for further easing, should that be required to support demand".

The central bank last cut the cash rate in May by a quarter of a percentage point.

Related Articles